"Efficient" My Ass

I don't believe most people know about the concept of markets being "efficient." Usually you run into this concept when you are a studious junior in college and maybe one of your academian professors decides to actually impart some genuine wisdom instead of just teaching from the book to explain the concept to you.

Regardless, the idea of "efficiency" in markets is that when information is released into the public do markets (such as the NYSE, NASDAQ, AME etc) incorporate that information and translate it into either increase or decreasing prices.

For the past 10 years, I've been amazed how the "brilliant Ivy League geniuses" over at "Goldman Sachs" and "Morgan Stanley" and "Lehman Brothers" have been unable or perhaps reluctant to take BLATANTLY OBVIOUS DATA AND INFORMATION THAT THE US IS SCREWED and still make "strong buy" or "buy" recommendations."

No, never mind the 800 pound gorilla in the room known as medicare and social security. Never mind most American children want to major in sociology or women's studies or art history and will never produce an ounce of genuine economic production. Oh, no. Let's just keep on believing in the empirically-disproved "American dream" and invest billions in "hope and change."

Of course, reality inevitably hits the market and FORCES it to be efficient. But I ask a simple question.

Do you idiots over on the east coast just drink the purple kool-aid and swallow schtick whole?

I mean how did the market NOT tank until this day?

What was special about today?

I mean, you all were truly ignorant about the severe economic and debt crises the US faced? I'm amazed the DJIA even made it past 10,000, let alone 12,000 in the past 5 years. Did you Ivy League losers NOT pay attention to the plethora of economic data that is available on the internet for free? or have you so become corrupted by nepotism, cronyism, your parents money and rent seeking you actually thought a society and economic entity based on "self esteem" and "grrrrrl power" and "diversity" and "going green" could produce genuine economic production and profits that you could make such a foolish recommendation?

Well, reality is hitting you Harvard graduate morons upside the head now. And there's nothing you can do about it.

But, of course, there is always hope and change.

I mean, your president is a Harvard graduate, right?

So at least we have the smartest and bestest leading this country, right?

Because we all know Harvard produces the "best."

Right?

I mean Bush and Obama.

What a great track record.